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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: fatty who wrote (10863)	5/30/2003 1:50:13 PM
From: John Chen	Respond to of 306849

fatty,re:"20%+ higher..who". Thanks to the FED and Bush's tax cut, these are the people the gov. provided extra money to "invest". AG will continue to provide the liquidity for the 'rich' to 'play'/'invest' with the money as they please. The 'gov' either don't get it or by design to create the BIG GAP between have and have not. Looks like military is the career of choice soon.

To: fatty who wrote (10863)	5/30/2003 2:02:21 PM
From: Les H	Read Replies (1) \| Respond to of 306849

Loan bubble is getting pretty screwed up. I saw an ad for a mortgage last night where they said it didn't matter if you didn't have a social security number.

To: fatty who wrote (10863)	5/30/2003 2:13:18 PM
From: ild	Respond to of 306849

You can take an adjustable loan with zero amortization. This will put you below 4% interest rate, so mortgage payment will be well below $2000 a month, all tax deductible, so effectively below $1300. Just close your eyes and repeat after me: houses never go down, rates never go up. -g-

To: fatty who wrote (10863)	5/30/2003 7:06:57 PM
From: Neeka	Respond to of 306849

I have no idea who are the ones buying up all those $600k houses. I don't either. They are building $900k and up houses around me, and the suckers are selling like hot cakes. We are in depressed Seattle for crying out loud. OTOH A recreational cabin we looked at last year at $134,000. has just been re-listed for $98,000. Go figure. M

To: fatty who wrote (10863)	5/31/2003 7:01:22 AM
From: Micawber	Read Replies (2) \| Respond to of 306849

We all have household income between $100-$200k. We have lots of money to spend on food, entertainment and vacation but we just can't afford a decent house... I have no idea who are the ones buying up all those $600k houses. With a household income of $150,000, some money in the bank, and mortgage rates around five percent, you could rather easily qualify for and service the debt on a $600,000 house. Why is this such a mystery? What intrigues me is the guy who makes 100K is qualifying for and buying these types of houses. That's the problem.